Jack Srimani
Purchasing REO concern
Hi,
I am in the process of buying a REO duplex. The condition of the house apparently is decent. However since I have no experience in buying REO I am wondering that after purchase I am not saddled with hidden expense...
Robert Smith
Security Deposit - Receipts For Repairs Done By Landlord?
From my understanding, if the landlord wishes to deduct any amount from a security deposit after a tenant moves out, the landlord must provide an itemized return letter with receipts for each reported issue.If a major...
Carla Mastrangelo
Home warranty
Hi! I am under contract to buy a condo which is older and all its appliances convey. I've had the inspection done but it did not assess all the appliances. Just from the look of it, the washer and dryer and dishwasher...
Brandon Turner
Capital Improvements Included in an Appraisal?
Hey all - I'm getting an appraisal done on my apartment complex this week and I'm wondering if anyone knows: Will an appraiser include the "CapEx" in the valuation? Like, I spent $25,000 replacing the siding on part o...
Ugo O.
How to estimate a rehab
Hello Everyone,When looking at pictures of a home, how do you go about estimating what the cost of the rehab would amount to? Do you ask for more in-depth pictures of the property and then go to the contractor and ask...
Aaron W.
TAR - Repairing cosmetics
My contract is a TAR and there is the following clause(2) Landlord will NOT pay to repair the following items unless caused by Landlord's negligence:(e) items that are cosmetic in nature with no impact on the function...
Rina Amir
Physical inspection and due diligence
how does a newbie
make proper physical due diligence for a
MHP if not experienced in the field?
(1) How does one detect current status and differed maintenance issues?
(2) (2.1) Can experts / companies be used for ...
Manny Lamarre
Tenant Issue/question in FL
Greetings - I would love to hear feedback about this nightmare tenant. Any insights would be greatly appreciated. A Florida tenant has refused to pay rent since Nov. 2019. Said the reason was she's a foster mom and ha...
S Harper
Tenant moved out - things that are chargable?
I had a tenant for 5.5 years who just moved out, and it is my first time turning over a property. I spent several days repainting (lots of holes, marks, etc), cleaning, steam cleaning the carpet - am not planning ...
Hemal Adani
How important is renter's insurance?
Hello Folks, My tenants doesn't have renter's insurance. I am not sure how important it is. Please elaborate.